Gatineau, Quebec: The Canadian Transportation Agency (CTA) has announced that amendments in regulations made under the Canada Transportation Act (Rail Transport) are now finalized.
The regulations prescribe filing requirements for freight railway companies so that the CTA can validate that they are carrying appropriate minimum third party liability insurance coverage. They also designate rail-related provisions of the Act, and CTA Orders, as subject to administrative monetary penalties of up to $25,000 per violation, and amend the Railway Interswitching Regulations to ensure consistency with the recently amended interswitching provisions of the Canada Transportation Act.
Amendments followed consultations held in fall and summer 2018 with representatives from Canadian and U.S. passenger and freight railway companies, rail tourism operators, industry associations, shipper associations, associations representing logistics and freight management, private companies who are users of rail, and other industry experts.
The CTA also considered all input received following the publication of draft regulations on March 30, 2019.
The regulations represent Phase 4 of the CTA’s Regulatory Modernization Initiative.
“The CTA is committed to modernizing the rail transportation regulations that it administers. These amendments enhance our regulatory activities and provide added operational precautions for the industry we oversee,” Scott Streiner, Chair and CEO of the Canadian Transportation Agency.